- A-Z
- Jena Economic Resea...
- Volume 1
- Turbulence in High ...
Turbulence in High Growth and Declining Industries
- Autor(in)
- Erschienen
- 31. Juli 2007
- Nummer des Discussion-Papers
-
2007-043
- Schlagwort(e)
-
displacement
enry
exit
product life cycle
replacement
selection
- Zusammenfsg.
-
We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and turbulence decreases.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- entrepreneurship
- JEL-Classification for JER
- L11 - Production, Pricing, and Market Structure; Size Distribution of Firms